Nitrites; Nitrates Price in the Dominican Republic - 2023
Contents:
- Nitrites; Nitrates Price in the Dominican Republic (CIF) - 2022
- Nitrites; Nitrates Price in the Dominican Republic (FOB) - 2022
- Nitrites; Nitrates Imports in the Dominican Republic
- Nitrites; Nitrates Exports in the Dominican Republic
Nitrites; Nitrates Price in the Dominican Republic (CIF) - 2022
The average nitrites; nitrates import price stood at $2,645 per ton in 2022, with an increase of 172% against the previous year. In general, the import price, however, saw a mild downturn. Over the period under review, average import prices hit record highs at $3,150 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($3,401 per ton), while the price for Jordan ($1,865 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.7%), while the prices for the other major suppliers experienced a decline.
Nitrites; Nitrates Price in the Dominican Republic (FOB) - 2022
In 2022, the average nitrites; nitrates export price amounted to $4,069 per ton, picking up by 311% against the previous year. Overall, the export price continues to indicate a prominent expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Haiti ($4,798 per ton), while the average price for exports to Jamaica totaled $1,714 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Haiti (+6.7%).
Nitrites; Nitrates Imports in the Dominican Republic
For the third consecutive year, the Dominican Republic recorded decline in supplies from abroad of nitrites; nitrateses, which decreased by -97% to 81 tons in 2022. Overall, imports faced a sharp decline. The smallest decline of -11.5% was in 2021.
In value terms, nitrites; nitrates imports contracted sharply to $214K in 2022. In general, imports saw a precipitous shrinkage. The smallest decline of -10.3% was in 2020.
| Import of Nitrites; Nitrates in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 42.8 | 69.5 | 32.5 | 106 | 35.3% |
| Germany | 65.5 | 29.1 | 20.7 | 48.4 | -9.6% |
| Jordan | 293 | 261 | 96.8 | 44.8 | -46.5% |
| United States | 36.5 | 8.5 | 26.9 | 14.5 | -26.5% |
| Russia | 1,153 | 530 | 108 | N/A | -69.4% |
| Switzerland | 71.4 | 72.1 | 48.5 | N/A | -17.6% |
| Chile | 709 | 1,163 | 730 | N/A | 1.5% |
| China | 391 | 283 | 169 | N/A | -34.3% |
| Latvia | 129 | 112 | 80.8 | N/A | -20.9% |
| Colombia | 153 | 188 | 154 | N/A | 0.3% |
| Belarus | N/A | N/A | 664 | N/A | 0% |
| Others | 520 | 483 | 479 | N/A | -4.0% |
| Total | 3,565 | 3,199 | 2,610 | 214 | -60.8% |
Top Suppliers of Nitrites; Nitrates to the Dominican Republic in 2022:
- Netherlands (31.2 tons)
- Jordan (24.0 tons)
- Germany (21.0 tons)
- United States (4.6 tons)
Nitrites; Nitrates Exports in the Dominican Republic
After three years of growth, shipments abroad of nitrites; nitrateses decreased by -80.8% to 8.9 tons in 2022. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 398%. As a result, the exports reached the peak of 46 tons, and then dropped notably in the following year.
In value terms, nitrites; nitrates exports declined significantly to $36K in 2022. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 275% against the previous year.
| Export of Nitrites; Nitrates in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Haiti | 4.3 | 26.3 | 37.4 | 32.4 | 96.0% |
| Jamaica | 2.1 | 0.1 | 2.2 | 3.6 | 19.7% |
| Dominica | N/A | N/A | 3.0 | N/A | 0% |
| Anguilla | N/A | N/A | 3.1 | N/A | 0% |
| Others | 0.7 | N/A | 0.1 | 0.1 | -47.7% |
| Total | 7.1 | 26.5 | 45.8 | 36.1 | 72.0% |
Top Export Markets for Nitrites; Nitrates from the Dominican Republic in 2022:
- Haiti (6.8 tons)
- Jamaica (2.1 tons)
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